India's Central Bank Hikes Rates for First Time Since 2023 as Inflation Risks Build
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India's central bank has raised interest rates for the first time since 2023 amid growing inflation concerns. Analysts from HSBC and Goldman Sachs anticipate further rate hikes in December as inflation risks continue to build.
This decision marks a significant shift in monetary policy as the Reserve Bank of India responds to rising inflation pressures. The move is expected to impact economic conditions and borrowing costs in the country.
Reserve Bank of India
Sources
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“HSBC and Goldman Sachs expect the RBI to raise interest rates in December as well.”
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